Markets
Here are today’s market moves:
S&P 500 up 0.42% to 4,097.17
Dow Jones up 0.17% to 33,503.57
Nasdaq up 1.03% to 13,829.31
Bitcoin: $58,219
US10Y: 1.635%
Gold: $1,753
What Happened?
On Thursday, the S&P 500 closed at another record, driven by a resurgence in big technology stocks.
Q2 is off to a strong start as vaccinations in the U.S. accelerate and economic activity starts to pick up. Investors expect a huge bounce in economic growth later this year.
The S&P 500 is up 10.7% in 2021, and it has gained 87% from its March 2020 low.
U.S. weekly jobless claims climbed to 741,000 last week from 719,000 the previous week.
Investors are digesting details of President Biden’s corporate tax plan, which plans to raise $2.5 trillion over 15 years.
What Else?
This Week
Tuesday: Earnings expected from Paychex.
Wednesday: Earnings expected from Lamb Weston.
Thursday: Earnings expected from Levi Strauss, Constellation Brands, and Conagra Brands; Weekly jobless claims.
Friday: Earnings expected from JinkoSolar.